Uday Jewellery Industries Ltd. · BSE:UDAYJEW
Uday Jewellery Industries — Q2 FY24 Earnings Presentation
34 slides from Uday Jewellery Industries's earnings presentation, Dec 21, 2023
Slide 1: Jewellers to the Royalty
Nizams: 1905 Jewellers to the Royalty Gen Z: 2023
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), have been prepared by Uday Jewellery Industries Limited(the “Company”) solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities and shall
Slide 3: Table of Contents
Table of Contents 5-9 Group Overview 11-22 Business Overview of Uday Jewellery Industries Ltd 24-27 Q2FY24 Highlights 29 Industry Overview 31-33 Appendix Q2FY24 Earnings Presentation 3
Slide 4: Century long Craftmanship: Group Overview
Century long Craftmanship Group Overview
Slide 5: Genesis of Sanghi Global Group – 100+ years of Jewellery Legacy
Genesis of Sanghi Global Group – 100+ years of Jewellery Legacy Sanghi Global Group is a prominent player in India's Gems & Jewellery industry with a century long legacy. The Group initiated its operations in 1905 by delivering jewelry to the Nizams of Hyderabad. In 1921, they opened their first ret
Slide 6: Three Main Pillars of Sanghi Global Group
Three Main Pillars of Sanghi Global Group Sanghi Jewellers Pvt. Ltd. Uday Jewellery Industries Ltd. Narbada Gems and Jewellery Ltd. Flagship company specializing in the mass Specializes in mass manufacture of Cubic Focuses on mass manufacture of Flat Diamond manufacture of Colour Stone Studded Zirco
Slide 7: 3rd Gen in Business - Legacy of Expertise, Innovation & Perfection
3rd Gen in Business - Legacy of Expertise, Innovation & Perfection Shri Hanumanth Rai Sanghi, the Founder of G. Laltapershad & Sons Jewellers & Bankers, established the second retail jewelry outlet on Abid Road, Hyderabad. Being the 3rd generation in business, he brings over 57 years of experience i
Slide 8: 4th & 5th Generation - Youthful Dynamism, Seasoned Expertise
4th & 5th Generation - Youthful Dynamism, Seasoned Expertise Ritesh Kumar Sanghi Sanjay Kumar Sanghi Uday Sanghi Tejas Sanghi Promoter & Managing Director Managing Director at NGJL & Business Development Head Business Development Head at UJIL SJPL At UJIL At NGJL Executive Director of NGJL & Executi
Slide 9: Advanced Manufacturing Facility at Basheerbaugh, Hyderabad
Advanced Manufacturing Facility at Basheerbaugh, Hyderabad Advanced Manufacturing o A state-of-the-art manufacturing facility spanning 10,000 sq ft per floor Facility o Equipped with the latest technology for enhanced production and quality control. o Current manufacturing capacity is being signific
Slide 10: Stone Studded Designs for Gen Z Bride: Company Overview
Stone Studded Designs for Gen Z Bride Company Overview
Slide 11: Fashion Jewelers for the Growing Gen Z
Fashion Jewelers for the Growing Gen Z Established since 2011. B2B Supplier of Innovative Natural ₹ 177 crores 4th Generational Legacy Business Gemstones studded Fashion Jewellery FY23 Revenues Trusted Suppliers to India's Delivering domestically and globally with Cutting Edge Manufacturing Facility
Slide 12: What Sets Us Apart?
What Sets Us Apart? Handcrafted Fashion Jewellery Robust Internal Systems Diverse offerings catering Streamlined systems & processes to base population enhancing Vendor Audit Efficiency Digitized Operations Focussed Product Development Use of state-of-the-art technology to Exporting Jewellery all ov
Slide 13: Product Development Process
Product Development Process Shaping the Concept Product specialists work to define the concept & ascribe a shape and form to it 2 Concept Development Ideation and latest Detailing trend analysis based 1 3 Design Team then on market study and sketches out the details feedback & contours of the item 4
Slide 14: Investment Thesis
Investment Thesis Rich Heritage & Financial Century Long Niche Products & Expanding Domestic Soundness Legacy Marquee Clients & Global Footprint B2B supply of creative Consistent top line Enjoys a legacy of 100 Strategically growing our years of excellence and Handcrafted Jewellery to Prudent Hedgin
Slide 15: Rich Heritage & Century Long Legacy
Rich Heritage & Century Long Legacy The Company Crossed Rs. 50 Converted into a Public crs turnover, established new Limited Company on manufacturing unit in February 16, 2000. and The Company established Hyderabad & Commenced changed the name to two manufacturing facilities jewelry exports, with th
Slide 16: Niche Products & Marquee Clients
Niche Products & Marquee Clients
Slide 17: Prudent Hedging Strategies for business
Prudent Hedging Strategies for business UJIL relies on a seasoned treasury team to manage daily gold procurement and hedging, minimizing the impact of gold price fluctuations on profitability. It uses a dual strategy, employing Gold Metal Loans (GML) for efficient inventory management and financial
Slide 18: Prominent Presence in Global Jewellery Market
Prominent Presence in Global Jewellery Market Domestic Presence* (%) 1% 3% 8% 0% AP 1% Karnataka Kerala Mah TN 87% Telangana Global Presence* (%) 2% 19% Doha Qatar 6% Dubai UAE ❑ USA ❑ UAE ❑ UK ❑ Hong Kong ❑ India ❑ Bahrain Singapore ❑ Qatar ❑ Oman ❑ Kuwait ❑ Saudi Arabia ❑ Sri Lanka` USA 73% ❑ Sing
Slide 19: Diversified Revenue Mix
Diversified Revenue Mix Revenue Mix (₹ Cr.) 35 26 14 12 142 78 81 96 FY20 FY21 FY22 FY23 Domestic Sales Export Sales Q2FY24 Earnings Presentation 19
Slide 20: Financial Soundness
Financial Soundness Revenue (₹ Cr.) EBITDA (₹ Cr.) PAT (₹ Cr.) 13 177 10 10 122 8 8 7 92 93 6 6 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 EBITDA Margin (%) PAT Margin (%) ROCE & ROE (%) 11% ROCE (%) ROE (%) 8% 8% 8% 7% 6% 18% 17% 5% 5% 15% 12% 11% 12% 10% 8% FY20 FY21 FY22 FY23 FY2
Slide 21: Strong Balance Sheet
Strong Balance Sheet Working Capital Management Days 117 121 103 106 110 101 95 81 Inventory Days Debtor Days Payable Days 2 2 3 5 FY20 FY21 FY22 FY23 Debt to Equity (x) Debt Service Coverage Ratio (x) 0.47 0.49 14.71 11.63 9.06 0.22 0.23 5.93 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 21 Q2FY24 Earnin
Slide 22: Roadmap to FY25
Roadmap to FY25 Revenue Growth Steady Margins Achieve a revenue topline of Maintain margins between 7- Rs. 300 crores by FY25 8% Domestic & Global Expansion Capacity Expansion Penetrating domestic & emerging Expand existing manufacturing Global markets to tap into capacity from 20kg/month to growing
Slide 23: Quarterly Performance: Q2 & H1FY24
Quarterly Performance Q2 & H1FY24
Slide 24: Q2FY24 Business Highlights
Q2FY24 Business Highlights Financial Performance Expanding Footprint Growth Drivers • Revenue increased by 24% • Export Market Revenue stood at • Rising demand for heritage & hand compared to the previous quarter 11% of total revenue crafted jewellery • EBITDA was up 24% YoY • Domestic Market Revenu
Slide 25: Q2FY24 Performance Summary
Q2FY24 Performance Summary Revenue (₹ Cr.) EBITDA (₹ Cr.) 45 42 4 4 34 3 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 PAT (₹ Cr.) Revenue Mix (₹ Cr.) 68 61 3 3 Domestic 2 Export 26 9 Q2FY23 Q1FY24 Q2FY24 H1FY23 H1FY24 Q2FY24 Earnings Presentation 25
Slide 26: H1FY24 Geographical Wise Revenue Mix
H1FY24 Geographical Wise Revenue Mix Domestic Presence (%) Global Presence (%) Karnataka Kerala Gujarat 8% 0% 1% Maharashtra Doha Qatar 9% 12% Gujarat Doha Qatar Karnataka Kerala Dubai UAE Maharashtra USA USA Tamil Nadu 48% Telangana Tamil Nadu Dubai UAE 7% 40% Telangana 75% Q2FY24 Earnings Presenta
Slide 27: Quarterly Income Statement
Quarterly Income Statement Particulars (₹ Cr.) Q2FY24 Q1FY24 Q2FY23 QoQ% YoY% FY22 FY23 YoY% Revenue from Operations 42.5 34.2 44.6 24% -5% 121.5 176.7 45% Total Expenditure 38.7 30.0 41.6 29% -7% 113.6 163.4 44% EBITDA 3.7 4.2 3.0 - 24% 7.9 13.3 68% EBITDA Margin % 9% 12% 7% - - 7% 8% - Other Incom
Slide 28: Opportunities in Gems & Jewellery Sector: Industry Overview
Opportunities in Gems & Jewellery Sector Industry Overview
Slide 29: Sparkling Opportunities of the Jewellery Market
Sparkling Opportunities of the Jewellery Market Rising Transition of Jewellery Retailing towards South India Dominates the Jewellery Sector Organized Retail ✓ India ranks as the world's second- South 26% largest consumer of gold jewellery. North 68% 58% 45% 95% East ✓ The Organized Retail Sector is
Slide 30: Appendix
Appendix
Slide 31: Experienced Leadership
Experienced Leadership Ritesh Kumar Sanghi Sanjay Kumar Sanghi Pritha Sanghi Promoter & Managing Promoter & Executive Promoter & Non Executive Director Director Director • Director since 2011. He has deep expertise • Director since 2011. He is highly skilled in • Director since 2014. She brings exte
Slide 32: Annual Income Statement
Annual Income Statement Particulars (Rs Cr.) FY20 FY21 FY22 FY23 Revenue from Operations 91.7 93.3 121.5 176.7 Total Expenditure 81.7 85.8 113.6 163.4 EBITDA 10.0 7.5 7.9 13.3 EBITDA Margin % 11% 8% 7% 8% Other Income 0.4 1.1 1.0 1.6 Depreciation 0.2 0.2 0.2 0.3 Profit Before Interest & Tax 10.3 8.4
Slide 33: Annual Balance Sheet
Annual Balance Sheet Equities & Liabilities (Rs. Crs.) FY21 FY22 FY23 Assets (Rs. Crs.) FY21 FY22 FY23 Share Capital 22.8 22.8 22.8 Non Current Assets Other Equity 30.0 35.7 45.2 Property, Plant & Equipment 0.7 0.8 1.4 Total Equity 52.8 58.5 68.0 Capital Work in Progress 0.0 0.6 2.4 Intangible Asset
Slide 34: Thank You
THANK YOU Company Contact: Uday Jewellery Industries Limited Contact: +91-40-48506411 Email: info@udayjewellery.com Investor Relations Contact: Tanya Verma Go India Advisors Tanya@GoIndiaAdvisors.com M:+91 97270 30985 Sana Kapoor Go India Advisors sana@GoIndiaAdvisors.com M:+91 81465 50469 For furth
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